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Brazil Refuses To Buy European Bonds, Dashing Hopes For A BRIC-based European Rescue
About a year ago, we speculated that as part of the ongoing currency warfare between Brazil and the "developed" world, its finance minister Guido Mantega would keep his trade surplus trump card until the moment of biggest impact. That moment has come, after the financial head (with the Playboy-posing daughter) just told Europe to take a hike. "I believe that European countries do not need funds from Brazil to buy bonds. Brazil is not considering it," Mantega told reporters in Brasilia. "They have to find solutions to the European problems within Europe." And with Brazil out, it is certain that China will not step up over fears of appearing weak and needing to provide vendor financing to its biggest export partner. Unfortunately for Europe this means that at least one component of the revised SPIV: that which foresees public investment from third parties into the EFSF (a new twist proposed only last week), can now be safely forgotten, bringing us back to page one and the entire 5x levered CDO structure which as has been explained numerous times, is Dead on Arrival. There is, however, one loophole. "Mantega said Brazil would be willing to provide financial help via the International Monetary Fund." Which is rather laughable considering that by IMF, one typically refers to, at least in polite society, Uncle Sam. Then again, with a French woman (and one who until recently was solely reponsible for the grave French financial condition) in charge, it is easy to lose sight and to be, there is that phrase again, baffled by irrelevant bullshit even as following the bailout money always lead to the same old source.
Reuters reports:
Brazil on Tuesday rejected the idea of buying European bonds to help ease the euro zone's debt crisis, casting doubt on a plan for major emerging market economies to offer fresh funds for the continent's rescue.
European leaders had floated the idea that developing nations including Brazil and China could provide funding to buy Euro zone bonds, which would help lower yields and ease pressure on countries such as Spain and Italy.
But Brazilian Finance Minister Guido Mantega echoed calls for Europe to solve its own burgeoning fiscal problems, saying Brazil had no intention of making such purchases.
Brazilian officials earlier this year floated a plan to buy European debt along with members of the BRICS group of nations, which includes Russia, China, India and South Africa, but backed away after tepid response from the group.
It's not just Brazil:
India and Russia are not interested in offering more funds to help Europe while there was not evidence China planned to chip in, a high ranking official from an emerging market country told Reuters. The official said major emerging powers believe Europe is not doing enough to find a solution to the crisis amid internal bickering.
That said, as we reported yesterday, the IMF is already preparing to activate desperate measures to bail out the world, once Europe, inevitably, fails in pulling itself out of the quicksand by its bootstraps. Needless to say that with the countries who can actually afford to participate in the rescue backing out, the onus of bailing out the world, once again falls squarely on the shoulders of the American middle class. And with the political climate already "challenged" as is, it will be quite interesting to observe as the GOP incorporates the topic of the hundreds of billions of taxpayer capital that will be exposed to first loss in order to make sure that Europeans do not experience the kind of dire austerity that will see Italians retiring at 67 instead of 65, in the hourly presidential debates.
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LOL
Deus ex machina terminus incarnatus
Even Zimbabwe turned Merkel down.
Stick a fork on that porker, she's done.
I heard she even asked Tony Montana for help. His response -- "You know what? Fuck you! How about that?"
Soooo, when does NATO invade Brazil for ahhhh, nothing, or oil or democracy or boogeemen or a hunch?
They got oil?
They got gold?
They get invaded.
But wait, closer to home, there's Venezuela!
Just perfect for an implementation of the Monroe Doctrine.
Commie fuck suppressing his people, limiting freedoms, muzzling the press and opposition, Russian adviser boots on ground.
Next!
And MUCH closer than Iraq.
The only reason we invaded Iraq was to STOP oil production. Supply and Demand Economics 101 mother fuckers!. Who banked during the crisis? Exxon Mobile. The idea that we invaded that country to GET oil was disinformation to put Oliver Stone and the CIA to shame.
Weapons of Mass Destruction = Weapons of Mass Production
Where do you think the Saudis, Iran AND Venezuela stood on the invasion? Right where they wanted to be: on the sidelines.
Who was pissed? France, because Total had an under the table deal with Saddam, to side step "oil for food."
Dig it, fuckers.
What is wrong with Guido Mantega? The guy walks on stage, gives a definitive answer and then walks off. He should do the "Euro" instead. Call numerous press conferences, and make ambiguous statements or spout non sequiturs. Schedule a meeting where a resolution will be announced, then end the meeting abruptly with no resolution, except to announce another meeting. Rinse and repeat. Leak contradictory statements to the media. Maximize your face time. Stretch your 15 minutes of fame for as long as you can. Let your comments move the market and plan your trades accordingly. Share this knowledge with your "friends". C'mon Guido, play the game. Do the "Euro".
Ya. I also here that Soros is bankrolling occupy wallstreet and george bush will send you a check to call him a low life motherfucker.
Plenty of hot Supermodels come from Brazil. If we ever invade another country again, lets hope we do it for a good reason - like hot Supermodels. Did I mention that Brazil seems to have a lot of hot Supermodels?
I got an idea, lets invade Brasil.
Are you taking crazy pills?
I know you were thinking of me Mugatu, but I am not from Brazil.
I invented the piano key necktie, I invented it! What have you done? You've done nothing! NOTHIIIING!
You don't need to invade Brazil to get the hot supermodels up here....look at what the rejuvenation of SoBe did for Swedish models in the early 80's. Just get a party started under some palm trees.....they'll show up.
Ya Mugato but I heard the drugs are not as good in Brazil. Not enough to feed the Pharam industry.
The not so surprising answer to all of this mess is that they don't want to fix the economic problems plaguing the world; they want to exacerbate these crises and then exploit them in order to consolidate wealth, power, political control, to re-order the global pie, and to increase dependance of average civilians on the teet of 'benevolent' government.
This is not only how they retain control, but this is their blueprint for gaining even more control.
Mayer Rothschild knew that loaning money to governments and kings was more profitable and carried far less risk than loaning money to private individuals. Not only were the loans bigger, but they were secured by the nation's taxes.
So why has our government, and that of every developed nation (and most nations, for that matter) allowed quasi-private or fully private central banking institutions to seize control of the ability to issue money, even going so far as to thwart the U.S. Constitution and the few Presidents who dared to challenge the globalists?
Follow the money. Political leaders have been bought off, bribed, blackmailed and threatened via a full array of means and techniques ("Sure we can get your son an executive position at [insert prestigious corporation here]"; "Sure we can support your bid for re-election," "We'll make a call and are fully confident young Jonathan will be accepted at Yale/Oxford," "It sure would be tragic if the media found out about your carnal sexual trist with those women not your wife [that we hired]/It sure would be tragic if something happened to your children/You need dirt on a business/political rival?...You're in luck, because we just happen to have proof that they...").
These people worship wealth and power, employ mercenaries and jackals, and there's no level they won't stoop to in order to try and retain the ability to control the money supply, using it as a tool of social, military and political control, to further enrich themselves.
They have fully captured governments, militaries, commerce and even religious institutions.
Wealth, Power & Greed are their gods.
I'm sure that I'm probably just a 'conspiracy theorist,' though, and that we didn't have the American Revolutionary War because we were printing our own money [colonial script], depriving the British Crown of what it thought was its empirial right to harvest the colonies, and I'm sure Napoleon was on crazy pills, also, when he fully acknowledged exactly how, why and through who power flows (which is consistent with the above). /sarc
The Money Masters
www.moneymasters .com
The Central bankers’ Bank for International Settlements (BIS) in 1988 in the “Basel I” regulations imposed an 8% capital reserve standard on member central banks. This almost immediately threw Japan into a 15 year economic depression. In 2004 Basel II imposed “mark to the market” capital valuation standards that required international banks to revalue their reserves according to changing market valuations (such as falling home or stock prices). The US implemented those standards in November, 2007. In December 2007 the US stock market collapsed and credit began drying up as banks withheld loans to comply with the 8% capital requirement as collateral valuations began to drop. The snowball effect of tightening credit, which reduces economic activity and values further, which resulted in further tightening of credit, etc., has produced a worldwide depression which is worsening.
Those capital standards have not been relaxed despite the crushing effects on the world economy* the credit contraction it requires has caused. Why? Because:
*The U.S did modify these rules somewhat a year after the devastation had taken place here, but the rules are still fully in place in the rest of the world and the results are appalling.
The Two Step Plan to National Economic Reform and Recovery 1. Directs the Treasury Department to issue U.S. Notes (like Lincoln’s Greenbacks; can also be in electronic deposit format) to pay off the National debt.
2. Increases the reserve ratio private banks are required to maintain from 10% to 100%, thereby terminating their ability to create money, while simultaneously absorbing the funds created to retire the national debt. These two relatively simple steps, which Congress has the power to enact, would extinguish the national debt, without inflation or deflation, and end the unjust practice of private banks creating money as loans (i.e., fractional reserve banking). Paying off the national debt would wipe out the $400+ billion annual interest payments and thereby balance the budget. This Act would stabilize the economy and end the boom-bust economic cycles caused by fractional reserve banking.
She'll have Bernanke handcuffed in the bathroom as she takes apart Geitner with a chainsaw.
"Now the leg eh"
Could it be that more countries are discovering that their scrota aren't empty and deciding not to play the game any longer?
Iceland, being the first, should be renamed the Arctic Republic of Sackistan.
Dear Td's
You fuckers are honestly the most amusing fuckers ever. You are fucking hilarious. ZH TV would be a killer. How to do it without being ruined would be the trouble.
How do you live well without being corrupted?
On second thought. No TV.
Largeness = corrupt.
Stay small and nimble and real.
Yeah, I'm a bit drunk; Gunna say it anyway..
I love you guys and I love what you do.
Thank you for doing it.
Fag.
And not just up-the-butt-while-in-prison fag.
Excellent.
Enter the Bernanke, stage right.....
Too soon... there needs to be a real crisis before he can put on his cape and come flying to the rescue. Why appear on stage at all for the Europeans, when you can keep sliding them greenbacks behind the scenes?
Why would Ben rescue the euro? That makes no sense. Ben will let the euro sink. As europe burns in hyperinflationary purgatory, some countries will go back to their previous currencies. Others will find it much easier and cheaper to just...adopt the dollar. Just like Zimbabwe did. Just like Ecuador did. Just like Spain, Ireland, Portugal, Greece and others will. That will give the greenback a much needed oxygen tank. I'd say that will give the dollar a bit over a year. On december 2012 the dollar (last fiat standing) will implode, as the Maya predicted.
Ah my friend, the Bernank will do whatever his handlers tell him. If the owners of the Fed have significant exposure to EU contagion, Ben will protect their positions with US taxpayer funds. Isn't that why the Fed was created in the first place?
I agree he won't help directly and he'll do everything possible to conceal what he's doing, but he's going to want to save the TBTF banks that are exposed to CDS on European debt.
During the Lehman/Bear/AIG fiasco I vaguely recall hearing that the value of all CDS's was something crazy like 40 times ALL global wealth.
Does any one here know what the current value is? What the value of Euro "exposed" CDS is?
I know that Dodd/Frank was supposed to "fix" this problem, but how real are any of the numbers? Is it still a big guesstimate?
Conservative estimates have put it at $600 trillion, there are rumors it could be almost twice as much.
Thanks. Is that the global or Euro number?
it's an imaginary number anyway
it's just there so that the MegaBanks can claim that they either get their will or they will go collectively broke
if you are with a terrorist in the elevator and he has dynamite strapped on, is it relevant if it's 100 pounds or one megazillion pounds?
BAN CDS (Again)
I thought that Marla said she hadn't been fucked like that since grade school?
That what made it into the film. The authentic quote was "I want to abort your baby"
"I want to have your abortion"
I, for one, am a firm believer in the calendar's accuracy... whatever its source, whatever its purpose, it is unmistakable that the calendar has accurately predicted the exact economic, societal and spiritual woes which face humanity today. And best of all, these woes are here to awaken those who have been blind to them their whole lives and as a harbinger of change on a paradigmical scale (if that's a word). Not changes in figure heads, or in money function, or in governmental structure... no, changes that change the discussion all together.
Let us see what happens. Whatever the case, the endgame is here for debt/usary slavery.
Bullish for incense and candles
Dude, the mayans simply ran out of temple to go on writing dates on. People are making far fetched asumptions regarding that.
Dude, fuck that Mayan shit, the Church of Ridiculeze has been predicting the coming of Ridiculum for less than ten seconds. Ridiculeze promised, before he even existed, that whatever happened, it would be fucked up, but it would be precluded by a torrent of of chattering and blathering and pontificating.
"... has been predicting the cumming of Ridiculum for less than ten seconds."
The new-world version's translation is incorrect, the original manuscript translation reveals that he actually had a premature ejection issue, and the coming of the Ridiculum, should in fact be translated as the, "cumming of the ejectulatum". This puts quite a different pallor on the whole matter of doctrinal discourse and has caused considerable interpretive controversy regarding the associated passages, and some glaring doctrinal inconsistencies.
However, both translations maintain that 2012 will be an, "epic ka-ka-poo-poo shitstorm" - See The Book of the Great Profit Barosso, Chpt 6 v 66, and The Third Epistle to Ollie, Chapt 13 v 1939 thru 1945.
Apparently the First and Second Epistles to Ollie were lost in the mail, hence the Third Epistle, so their contents remain unknown, but there were curious tangential referrences to "The Great Kasar Ejeculation" that follows the ka-ka-poo-po shitstorm.
Au Shucks. I studied it. Marvelous! And they only needed two variables but were those two variables multiplied by other variables they could have told you what happened after 2012. As you mention its good news but I caution people to realize the world progress will accelerate faster toward our evolutionary destinty but it won't be perfect until man can more adequately replicate consciesness. 4d has no time. It is Inner Space, a whole new place to explore.
Clinically immortal means there is no instinctual necessity for hoarding or other physical impulses lingering from our primate existance. 4d economic model means their will be no reason to mandrake, create false-flags and lie which are necessities in the 3d pyramid.
This time was different and it was the response by leadership which we can justly decry and debt repudiate. Haircuts have to happen and yes they effect me. But so be it.
Look at the csv file Bloomberg managed to get out of the FED under FOIA to see who got bailed out during 2008. Anser a lot of Euopean banks to keep the USD hegenomy going.
Too bad about Brazil not wanting to help bail out Europe. Can't say I blame them, but they got bailed out by the US when their economy went kaput to the tune of $200 billion. Guess they don't want to buy a round for the bar this time.
Well his boss use to wear black pajamas and sport an AK...doesn't sound very giving. We'll see if the concept of "fat Tuesday coming early" is true. Somehow I just can't get away from America's first statesman (Ben Franklin) who said "we should all hang together or most assuredly we will all hang separately." indeed where would Brazil be today...but I digress
The US bailed out its "own" banks
I believe that as much as many other countries on this God's marble, Brazil was pretty much plundered by US beyond any usure practice "lending" by the IMF US, my friend.
Yeah it's DOA.
Congrats to the people of Brazil. Smarter move.
I should have put that Mategna babe into this vid mash.
maybe not... too Latin. this has more of a film noir hook.
so here's Cain's Mark Block squaring off against Jean Paul Belmondo:
http://www.youtube.com/watch?v=WSIRcwHO-WI
Politics Noir at it's best...
Meh.
The Playboy-posing daughter is only about a '6' for a Brazilian chica.
Lack-o-afro. IMO
Bullish for emerging markets, well duh.
...and curtains for submerging markets.
IMO any chance of the IMF making a big play to support the EU, is slim to nil. We're getting right in the middle of an extremely intense election cycle, no politician is gonna support US taxpayers funds being used to bailout europe. The optics alone would be political suicide.
"Korean payback's a bitch" soon it will rain Hyundai's...beware!
Where in the heck is John Nash when you really need him ?
In disequilibria.
Greece bank run has begun:
http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&i...
Not sure if anyone has posted this yet or not.
It must be a measure of how monumentally fucking stupid the Greeks are if they have only just now seen a need to get their Euros out of Greek Banks?
hahaha f*ck just spilled my coke (as in drink) reading that
greeks haven't had their money in greek banks for years, that's why nobody pays taxes
„Einer hat einen Fisch ausgenommen, dort Geld reingesteckt und den Fisch wieder eingefroren"
Fucking hilarious, all you PVC bugs should take note - the Greeks know how to hide shit in style!
Coming soon to a country near you...
Just talked to a guy who got back from three months in Europe who said train service has been cut off. How's that for ominous?
not to worry
those banks are the collateral for about 200 billion euro-debt
i think the finnish banksters are heading to greece, right now...
...plus, the FDIC has just announced, thru the UN, that the ECB is guaranteeing all the greek bank deposits in swiss francs
and, the chairsatan just confirmed it
welcome to america, BiCheZ!
EU has 150% debt to GDP and 400% unfunded liabilities to GDP, which is better than the US. EU and US account for 2/3 of world GDP and debt/liabilities were established when economies grew at 4%/year. Now the developed world looks like an 70 year couple sitting at a nursing home waiting to hear the bad news. Its unimaginable what will happen when the debt levels of the maturing economies stop growing.
Not only is it Imaginable it's planned and will be (as that famous 60's rant went) TELEVISED!
No way IMF support will fly..not with the OWS crowd, not with the Tparty...Where would there be any support for such a suicidal move?
the EU banks will start failing, then the bernank will say he will provide support to the banks blah blah blah, then the republican presidential candidates will be like "Oh hell no, no more bailouts muthafucka", then bernank will let some banks fail and he + Obummer will blame the republicans for letting people lose their deposits, then Obummer will say "if you vote for me, I will give you yo money back!"
the daughter has her own emerging markets
This is NOT an IMF problem. Why would the US and EM's want to save European Banks when Merkel won't even do it? Let the Banks fail already so we can move on.
Maybe U.S. banks have far greater exposure to a European default, JPM with their $80 trillion derivatives book being one example. Who knows what games these pretend masters of the universe are playing.
They brought it on themselves. Let them fail (officially). Don't care if they are primary dealers. This has to end. It is only getting worse by the day.
In the fantasy world of fairness that would apply. This isn't that world.
I agree. Turn Greece over to the US Navy...they'll run it just like the Army ran both Germany and Japan (simultaneously I might add) and everything will be okey-dokey.
The reason they would want to do it is a European crash will be a world wide event. They would do for self preservation if they thought it would help, but they can see it's a futile gesture now.
Why would international partners fund euro deadbeats that refuse to make any consessions between their own members?
I'd like to give his daughter a stimulus
I just went long Brazil
No bailout for you!
http://holisticvisibility.com/blog/wp-content/uploads/2010/06/soupnazi.j...
Gee, I never +1'd buzzsaw before...
**** BREAKING NEWS ****
Ex-GS Director Rajat Gupta escaped. They are messing with the wrong dude:
http://www.youtube.com/watch?v=yoNl7A7ovoc
Looks like a regular daily commute to New Delhi.
What next.. ask the Vatican to bail the world out? oh wait...
I don't post very often but I had to share this with everyone here since you've all given me such great entertainment over the last few years. Anyway seems the Royal Canadian Mint is selling silver coins with pretty pictures on them for $80 per ozt. Check it out http://www.mint.ca/store/product/product_exchange2011.jsp?itemId=prod1150003&lang=en_CA $20 for 7.96 grams same as dope was in 1972.
As I said a fews months back Ag @$1000 Au @ $10,000 Pt @ $100,000 per ozt is the true value in our economy. Just wait and see, wont be long now. 11.11.11
reporter: you may have sounded the death knell for the Europeon Union; nobody in euope wanted to pull the trigger. what informed your decision?
brazil: well, it was a very difficult decision, not to participate, but anybody who reads zeroHedge would understand, BiCheZ!
I don't post very often but I had to share this with everyone here since you've all given me such great entertainment over the last few years. Anyway seems the Royal Canadian Mint is selling silver coins with pretty pictures on them for $80 per ozt. Check it out http://www.mint.ca/store/product/product_exchange2011.jsp?itemId=prod1150003&lang=en_CA $20 for 7.96 grams same as dope was in 1972.
As I said a fews months back Ag @$1000 Au @ $10,000 Pt @ $100,000 per ozt is the true value in our economy. Just wait and see, wont be long now. 11.11.11
Pretty interesting! This is the second issue of a 20/20 swap, the last one had a mintage of 200,000! No downside risk so a very safe way to own a small bit of silver. The price of silver would have to soar however to get any upside, but very interesting that the mint/CGov is doing this.
Since we already live in an absurd world, the 1 ozt silver maple has a face value of $5. Now they are minting $20 face value coins that only contain 7.96 grams. That is 1/4 ozt. Soon the face value will need to be $1000 per ozt to account for the absurdity of the monetary system. 'Ride-em rope-em brand-em, don't even try to understand them'. Raw hide. pretty pictures are nice and all, but what exactly are we buying here? Dollars or silver? We are all lost at sea now.
Junk silver, Bitchez! Easily recognizable and denominable. I ain't gonna trade you a chicken for a coin with a loon or a koala on it. Let alone a bar which says "minted, I swear" on it.
Ok, I lived in Detroit area when I was a kid, so I'll recognize circulated Canadian silver coins, if they ever make it this far south. But not the Chinks or Irish! (Blazing Saddles reference for the dolts)
I just have 1 question. Do pork rinds store easily for a long while?
yes
if they're still on the pig...
And if you get a second "store" of rinds on an opposite sex pig, your "rinds" will make more "rinds", with little to no intervention. =) Mmmm cracklins...
Most excellent home canned in anchovy oil.
Bonds? Bonds? We don't need no stinkin' bonds!
Time for James Bonds.
Maybe he could convince Auric Goldfinger to buy some Eurobonds.
Pancho Villa referencing Treasure of the Sierra Madre? Worth more that +1
They are waiting for the US to bail them out pure and simple, and the US is waiting for anybody but them to go to the rescue. The horrible thing is that even if the US decided to use the Geihtner 2 Trillion (which isn't enough) to bailout Europe, that money will never be paid back. If Europe didn't have the money for the debt anyway what do you think they will have the money to pay it back. In fact what will happen is that they will say yea to all the "IMF" things and once the money has stabilized, they will renegue on everything (just like what Greece has done and Italy and others will do). What will the US do, go to war with their NATO allies, with Europe. And I can't see Obama even getting this to go through with all the craziness happening even if he wanted too, which he doesn't. Because this is our blackswan, we need to AGAIN bailout Europe but if he tries the Republicans will use it against him and the Democrats won't go along because they don't want their hands on this massive thing to be used agains them either.
The blackswan of an election and a bad economy and an imploding economy all happening at the same time.
Don't flatter yourself. Only thing keeping USA collapsing is printing money, otherwise you have suffered like Greeks already. Europeans are trying hard to solve the debt problems the old hard way, austerity and debt restucturing. Then some Americans and Brits even call austerity a bad thing like spoiled little kids in a candy store...
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!! Debt restructuring? We have that for Corporations in America. It is called Bankruptcy. DEFAULT. Austerity? Too little too late. The damage is already done. The EU has a financially deep arterial cut, gushing bright red ink all over the globe. Europe is as broke as the US, who is as broke as Asia. The only thing keeping the EU alive is GERMANY. Once they get tired of that shit, Europe is fucked. You know it, we know it. It is the elephant in the room no one wants to talk about. Please. This WHOLE thing is a race to collapse. The only thing we should be talking about is WHO collapses first. So, little Timmah, go peddle your snarky, cheeky, incorrect bullshit elsewhere. Good day to you.
Pair o' snarks, the both of yeh.
End result for either: same.
Sorry Tim. The worshipers are not responsible for the actions of the priests at the top of the pyramid. The priests didn't have as many choices 250 years ago and now they do. Priests are a marketing message for either Alpha or Beta assets. 40 years commodity standards and 40 years fiat power. If I am some of the head priests that now realize evolution and how to better handle the wrinkles because I now have better tools, then it is the responsbility to use them wisely as steward and not build another 'super' pyramid and mandrake to regions that can't fully harmonize yet.
While I can forgive Tim because we all paid for the marketing message of lies as it reflected as much as we can do with a pyramid to gloss over our imperfections, I cannot forget that their is a better model. I have said it here before and I'll say it again. Mass protests leading to rioting and world war may have been inevitable effects of decentralization and disruptilns in the supply chain but the free will of bankers made the choices for us. Humankind has already learned the worst moral governance is a model that excludes representation for taxes.
The priests fucked up in 2008 in not realizing this time was different. If I knew along with tens of millions of other people, it means it was time to globally eat the shit sandwich then instead of exacerbating losses. Since Gen X and younger know we still have the burden of demographic imbalance, adding more indirect taxation with no choices at the sovereign level it means first priority is restore sovereignty.
This is bad from a position of larger supply chain interruptions and eventual world war. The path mankind is on must deviate a few degrees to avoid total loss. And by the way that also includes the temple priests themsleves which as we all know in the model are disposable and get put of sight.
The priests are NOT supposed to claim themselves god
Brazil magician cannot pull his abracadabra money bag from the hat. A secret panel will nod and wink soon. This appointed gatekeeper will gain access to loot stored at the end of a rainbow. Enjoy the comedy.
Created by Karl Fisch, and modified by Scott McLeod; Globalization and The Information Age
Did You Know; Shift Happens - Globalization; Information Age -2007
http://www.youtube.com/watch?v=ljbI-363A2Q
Europe should have helped out in Iraq!
LOL!!
Pay Back is a BITCH!
I want to see the arrogant Europeans beg first, where is "Great" Britain in all of this?
Part of the EU whilst not part of the EMU, so standing bloody well clear for the moment (altho there are still Brits who want to fold in even yet to the Euro...) although they did make howling noises the other day when Snarko tried to get all the non-EMU members to kick in to the bailout.
Like who's "we", frogman?
Jeez, 'jingo bells' is starting to make the rounds already? It's not even November for Christ's sake.
I can't get past "Playboy posing daughter."
What's the article about??
The guy's hot pre-teen illegal kiddie home porn daughter's movies.
Do any of you actually trade?
Baseball cards, old Pez dispensers, pre-Olmec uncancelled Bolivian stamps, locks of Jesus' hair, small bags of Hitler's ashes and snarky comments with retarded children when unaccompanied in the lingerie section at Macy's.
hahahahahaah...ah shit that was good
Yes. Some do. Although the universe of finance types on zh seems to be getting smaller and smaller. Miss the old zh. Leo and Robo, et al. Robo's still here. It's funny, every other post of robo's hypes aapl and robo is belittled constantly regarding it. Yet, when that worthless piece of shit jobs died you would have thought that zh was the official memorial page. Unreal, as in bizzaro world unreal. You can still learn from the articles, but learning anything from the comment section is getting harder and harder. Mostly anarcho types who heard something on prison planet or dylan ratigan and come here to throw buzzwords around. For a trader, it's still a must have go-to site for news but even that has been dropping of late. Yes, yes, save your junks, used to be I would read news here BEFORE it moved the market. Now, only sometimes. Don't know how much of that is a function of the hft/tptb manipulated bs, but... Anyway, yes, we are still here and Fuck steve jobs and fuck the 99%.
oooo, ouch.
Trading used to be my hobby, now I invest. And it sure ain't in the markets. ZH is my SHTF barometer.
So, with Brazil firmly out of the bailout game, does that mean that we can start calling future BRIC bailout rumors RIC-ROLLS?
http://www.youtube.com/watch?v=dQw4w9WgXcQ
No one wants to buy Europe's bonds and the Germans won't let the ECB print euros in order to buy them.
I THINK I HAVE A SOLUTION!
The Greeks should just fire any of their law enforcement personel who are charged with preventing counterfeiting (as an "austerity measure").
This will free private enterprise to create the necessary euros.
Free enterprise in Greece? Surely you jest. I know, quit calling you Shirley.
So the Octoberfest is finished, can we start the Halloween?
Hell shall reign on earth.
lame ass.
If you haven't noticed, hell is already reigning on Earth.
You will see Brazil comes up with a pile of money, via an IMF vehicle. Euro saved. No collapse. You know.
If only we could wish things true, make the sun shine............and ignore the cold rain on our skin.........if only.......
Yeah. If my Aunt had balls she'd be my Uncle.
DOA from above open your own spa!
anybody remember which month in '08 the Spoos ranged down from 1174 to 825? I just love those fall classic redux. When a bubble burst it doesn't make a smaller bubble, it just goes away, kind of like the US housing mkt.
Something big is about to happen. Gold has reversed it trend of following the Dow up and down.
Oil is climbing fast in what appears to be a stalling economy. These don't add up, so it looks to me
like Obama insiders have gotten another tip from the administration and are betting accordingly.
When I add 2 + 2, I see an event about to occur which will cause both oil and gold to rise sharply.
My guess would be a false flag event of enough magnitude to justify an attack on an oil producing nation.
Iran would be my first guess but Syria also comes to mind, even though they produce little oil, they are
still a key part of the regional Iranian strategy. The Obama Administration needs a diversion to draw
attention away from their failing domestic policies and probably has given in to pressures from Israel and
the Saudis to support an attack on Iran in return for Israeli support for his re-election and Saudi promise
to drop the price of oil in the months prior to elections. I guess we also need to find somewhere to
redeploy the troops we are pulling out of Iraq because there are no jobs for them when they come home.
If EZ breaks up, then investors will need gold to store their value. Actually the oil is not that bad store of value either. That's one plausible explanation.
Your explanation is better though - the impending Israeli attack on Iran. The window to do it closes soon, before the winter comes. The Israeli maybe waiting for the Europe FUBAR to come to some conclusion before hitting. This coming weekend could be a very good window of opportunity to strike.
who needs to send in troops? just hand cheney a rifle and set him loose!!!
Boom! fix those mini shorts. ESFS is DOA, EU is FUBAR and I'll buy that $200 bottle of Tequila...
SYDNEY, Oct 26 (IFR) - The EUR/USD is holding up amazingly well despite reports the EU is struggling to finalize details of their "comprehensive plan" to tackle their debt crisis and reports that Italian PM Berlusconi"s coalition government is close to collapsing as he is having trouble getting agreement on crucial austerity measures. The political turmoil in Italy threatens to undermine the ability of EU leaders to get a final agreement. EU leaders will be gathering later today to attempt to find common ground on key issues, but various reports indicate it is unlikely the EU will be able to deliver a precise and concrete plan by the end of the second summit this week. The stumbling blocks include the size of the haircut private investors will have to take on Greek bond holdings and an accurate estimate on how much the 447 BLN EUR EFSF will be leveraged. The EUR/USD dipped to 1.3893 earlier today, but found eager buying and has spent most of the session relatively well bid around the 1.3920 level. The EUR/USD trades 1.3920/25.
Asia just laid bulltraps for it's self and the EUR is going to break that 1.38 handle, hopefully, and I mean hopefully a HFT/s goes nuts and sends shortsell orders on EUR derivatives. It's all Italy now.
Ah the chaos.
Well, there's always Plan B (to the infinite power).
Future green on this news.
I have a computer simulaton of this negotiation.
http://www.youtube.com/watch?v=sCptAxvv86U&feature=related
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Bill Still will nullify the Federal Reserve Note as well as the Internal Revenue Service, among other things, if elected,as the president of the USA. Hey, guys, don't know if the video link works. If not, you are on your own.
South African confidence man minister Gordhan however would loooooovveeee to contribute a few hundred billion US$ to the black hole in order "to save Europe".
http://www.iol.co.za/business/business-news/sa-to-dig-deeper-to-rescue-e...
Watch the USD go bid, EUR under pressure now. just smashed the 50ma.
the DOA trade is in effect
"Emerging economies 'to help bail out EU'" ... at least China is willing.
http://europe.chinadaily.com.cn/world/2011-10/26/content_13980549.htm
Euro saved. Too much interest to let it blow up. Told you soooooooo. Bye bye crisis.
Can and will not work. Please read this article:
http://www.economonitor.com/blog/2011/09/emerging-markets-to-the-rescue/
2013 is where the most risk/reward period. ME war, Russia absorbs PIIGS debt, official Chinese reserve currency launch late 2013/2014. $200 even for three months at this time and $6 gas re-strangles Anglosphere.
What is not being talked about is why. The reserve currency of the globe is also responsible for global security. China will share Eurasian policeman responsibilities with Russia. This allliance will become temporary because the Chinese reserve currency will not reinflate confidence for long. The cultures of East and West are not harmonized.
Greenspan came out and said more or less exactly the same thing in the last couple of days. The temple priests can't solve this problem alone but they declaring themselves god instead of using the Internet and not hurry along development of Quantum Computer isn't helping!
Humility through austerity. It will be beneficial and darn right therapeutic for the Europeans to have a little taste of some 3rd world poverty. Fortunately, I reside in the US where our budgets are always balanced and our debt is never an issue. I would gladly pay higher taxes than to have to listen to Brazils Bull$hit. Brazil's number one export is UFC fighters for Christ sake!
Every nation is going to be fucked playing King of the Hill by 2015. Humility from leadership is also a prerequisite for loss mitigation.
I'm still stuck on this concept of trading a dead horse for a dead cow. Bailout who with what? We're broke, Europe is broke - and anyone holding dollars (China for instance) - they are probably broke too. So all this shuffling of acronyms, fiat currencies, bloviating flatulance, and so forth does not mask the problem.
"We're all in this together kid." Harry Tuttle, Heating Engineer
hmmm ... this makes no sense ... why pass on a non-returning once in a lifetime opportunity to destroy your nation's finances?
Didn't see that coming!
hmmm ... could it be that countries with real tradeable and exchangeable material stuff in their possession, that is in high secular demand (irrespective of bubbles) are potentially and implicitly wealthy and will do ok?
But those without stuff, who delved into paper financialization and out-moded busted-arse industry and product, intrinsically have bugger-all means of sustaining trade an economy?
Could that be why the Brazilians won't play-dumb any longer via swapping real national material wealth for euro bullshit?
So now they can impose a sort of reverse-conquistador routine ... to get their gold back ... you know ... like ... literally?
Oh yes, as in days of olde, it will come down to who has the biggest Navy, and is the most prepared and able to use it effectively. When trade fails, politics and diplomacy ensues, but when diplomacy fails, Politics ... "via-other-means" ... ensues.
Modern Navy's ultimately exist for this very purpose, to hold on to, or to take the materiale stuff that trade, diplomacy and political deals failed to secure.
The result is a totally changed set of geo-political power balances, alliances, and understandings.
And when that happens countries that can tend to start testing their very biggest and baddest weapons and delivery systems, so that any misunderstandings are cleared up as to who will get this materiale stuff, and force the recalcitrant upstarts back into geopolitical and trade negociations.
Perhaps they'll use their new power 'understanding' with the rebels, to push for the use of Southern Libya for underground testing?
European powers have done the strategic-weapon testing routine, in North Africa, several times over the past century, with germ and chemical nerve agent testing on brownies before WWI, and WWII, then post WWII nuke tests. North africa has always been the preferred spot for European power weapon testing and war-readiness training, and actual combat for a long time, so don't be surprised if they see fit to do it all again.
And don't be surprised if UK and France suddenly repent of their recent naval budget-cutting, citing changed international 'threat' re-assessments ... driven by classified intel reportz.
As we are finding out, the moochers could care less about the Navy. They only want the free stuff. It's hard to give them all the free stuff and fund a Navy at the same time.
Ah, but they are the secret weapon ... disposable cannon fodder ... as sort of human 'blast' ... a real expensive pain in the arse to lug around in peacetime, but a high-demand asset in war, when you can really unload them.
(I jest)
Did Euroland really ever believe that they were going to be saved by China? Just because the Chinese made sweet pronouncements? Nobody is interested in patching up the Titanic. Perhaps the eurocrats could enlist the services of a Libyan public relations firm?